Asos Names Law Roach ‘Stylist in Residence’
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
conglomerates
Luxury
TikTok, LVMH Work on Plan to Limit Fake Items Sold on the App
Luxury conglomerate LVMH is in discussions with TikTok and its parent company ByteDance Ltd. on a plan for limiting counterfeit products sold on the popular video-sharing app.
TikTok, LVMH Work on Plan to Limit Fake Items Sold on the App
Luxury conglomerate LVMH is in discussions with TikTok and its parent company ByteDance Ltd. on a plan for limiting counterfeit products sold on the popular video-sharing app.
Beauty
L’Oréal Confident on China Despite Tensions Over Trade Secrets
China “will remain a very important source of growth for L’Oréal and the beauty market because middle classes are going to be increasing,” CEO Nicolas Hieronimus said.
L’Oréal Confident on China Despite Tensions Over Trade Secrets
China “will remain a very important source of growth for L’Oréal and the beauty market because middle classes are going to be increasing,” CEO Nicolas Hieronimus said.
Beauty
L’Oréal Heir Francoise Bettencourt Meyers Becomes First Woman With $100 Billion Fortune
Francoise Bettencourt Meyers became the first woman to amass a $100 billion fortune, another milestone for the heiress and for France’s expanding fashion and cosmetics industries.
L’Oréal Heir Francoise Bettencourt Meyers Becomes First Woman With $100 Billion Fortune
Francoise Bettencourt Meyers became the first woman to amass a $100 billion fortune, another milestone for the heiress and for France’s expanding fashion and cosmetics industries.
Luxury
Luxury Stocks Are Set for a Bleak Earnings Season, UBS Warns
UBS analysts said Wednesday that slowing demand from Chinese shoppers and the absence of significant pick up elsewhere would weigh on sales.
Luxury Stocks Are Set for a Bleak Earnings Season, UBS Warns
UBS analysts said Wednesday that slowing demand from Chinese shoppers and the absence of significant pick up elsewhere would weigh on sales.
Luxury
The Best of BoF 2023: The Year Luxury Outgrew Fashion
With global demand in flux, brands ramped up their presence at concert tours, Formula One races, tennis championships and more. New creative directors debuted at Louis Vuitton, Gucci, Burberry and Tom Ford.
The Best of BoF 2023: The Year Luxury Outgrew Fashion
With global demand in flux, brands ramped up their presence at concert tours, Formula One races, tennis championships and more. New creative directors debuted at Louis Vuitton, Gucci, Burberry and Tom Ford.
Beauty
Why Estée Lauder Is Trying to Move Upmarket
A new Re-Nutriv launch from its namesake brand suggests a greater interest in the upper echelons of beauty.
Why Estée Lauder Is Trying to Move Upmarket
A new Re-Nutriv launch from its namesake brand suggests a greater interest in the upper echelons of beauty.
Beauty
Boots Owner in Talks to Offload £7 Billion UK Pharmacy Chain
The company has been holding early talks about ways to separate Boots, which could be valued at about £7 billion ($8.8 billion) in a deal.
Boots Owner in Talks to Offload £7 Billion UK Pharmacy Chain
The company has been holding early talks about ways to separate Boots, which could be valued at about £7 billion ($8.8 billion) in a deal.
Retail
Unpacking Macy’s Surprise Buyout Offer
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Unpacking Macy’s Surprise Buyout Offer
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Luxury
LVMH Cedes Control of Cruise Retail to Florida Developer Jim Gissy
The deal to sell the majority stake in Cruise Line Holdings Co, the parent company of the Starboard & Onboard Cruise Services businesses, is expected to be concluded in the coming days.
LVMH Cedes Control of Cruise Retail to Florida Developer Jim Gissy
The deal to sell the majority stake in Cruise Line Holdings Co, the parent company of the Starboard & Onboard Cruise Services businesses, is expected to be concluded in the coming days.
Luxury
Zegna Aims to Open 50 Tom Ford Retail Stores, Double Group Margins
At an investor day in New York, the Italian luxury group laid out plans for newly acquired Tom Ford, as well as Thom Browne and its namesake Zegna label.
Zegna Aims to Open 50 Tom Ford Retail Stores, Double Group Margins
At an investor day in New York, the Italian luxury group laid out plans for newly acquired Tom Ford, as well as Thom Browne and its namesake Zegna label.
Luxury
Farfetch Seeks ‘White Knight’ to Avert Collapse, Sources Say
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.
Farfetch Seeks ‘White Knight’ to Avert Collapse, Sources Say
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.
Luxury
Morgan Stanley Downgrades LVMH to End Six Years of Bullishness
Edouard Aubin downgraded the luxury-goods giant to equal-weight on Friday on concern over weakening demand in the sector.
Morgan Stanley Downgrades LVMH to End Six Years of Bullishness
Edouard Aubin downgraded the luxury-goods giant to equal-weight on Friday on concern over weakening demand in the sector.
The News in Brief
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
Luxury Perfume Line Roja London Acquired by Extravaganza Beauty
Master perfumer and founder Roja Dove will remain with the brand in a new consultancy role.
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
EssilorLuxottica Gets Rare Sell Call Amid Stock Slump, AI Glasses Concerns
Shares in the eyewear giant, one of Europe's best-rated blue chips, have dropped 55 percent since November, while concerns are mounting over slowing growth and privacy issues for its AI glasses with Meta.
Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.